Crypto Alphabet

What is the Internet of Things (IoT)?

The Internet of Things, commonly abbreviated as IoT, refers to the connection of devices (other than typical fare such as computers and smartphones) to the Internet. Cars, kitchen appliances, and many other things can all be connected through the IoT. And as the Internet of Things grows in the next few years, more devices will join that list.

Any stand-alone internet-connected device that can be monitored and/or controlled from a remote location is considered an IoT device. With more smaller, more powerful chips, almost all products can be an Internet of Things devices.

What is the IoT ecosystem?

All the components that enable businesses, governments, and consumers to connect to their IoT devices, including remotes, dashboards, networks, gateways, analytics, data storage, and security is part of the Internet of Things ecosystem.

What are the industries affected by IoT?

  • Connected Homes & Smart Buildings
  • Food Services
  • Utilities
  • Hospitality & Healthcare
  • Smart Cities
  • Manufacturing
  • Transportation
  • Agriculture
  • Infrastructure
  • Retail
  • Logistics
  • Banks
  • Oil, gas, and mining
  • Insurance
  • Defence

What are the major IoT Companies?

There are literally hundreds of companies linked to the Internet of Things, and the list should only expand in the coming years. Here are some of the major players that have stood out in the IoT to this point:

  • Microsoft
  • Amazon
  • Google
  • IBM
  • Cisco
  • Verizon
  • AT&T
  • GE
  • Fitbit
  • Garmin
  • Honeywell
  • BlackRock

IoT Security & Privacy

As devices become more connected thanks to the IoT, security and privacy have become the primary concern among consumers and businesses.

As more connected devices pop up around the globe, cyber attacks are also a growing threat. Hackers could penetrate connected cars, critical infrastructure, and even people’s homes. As a result, several tech companies are focusing on cyber security in order to secure the privacy and safety of all this data.